Olsen Palmer Advises Wyoming Bank & Trust in its Agreement to Be Acquired by First National Bank

Wyoming Bank & Trust Has Agreed to Be Acquired by First National Bank

Wyoming Bank & Trust, a subsidiary of Farmers State Bankshares, Inc., has announced that it has entered into a definitive agreement to be acquired by First National Bank, a subsidiary of Capitol Bancorporation, Inc.

Olsen Palmer LLC served as financial advisor to Farmers State Bankshares, Inc.

Wyoming Bank & Trust will operate under the name of First Wyoming Bank & Trust Branch of First National Bank. The acquisition is subject to customary regulatory approvals and is expected to close in the third quarter of 2025.

Wyoming Bank & Trust had $324 million in total assets as of March 31, 2025 and two full-service branches. Based on most recent reported financials, the combined institution is expected to have approximately $2.0 billion in total assets and 18 banking offices.

Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide – and top 3 overall – based on the number of transactions advised upon since 2020 according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Republic Bank of Arizona in its Acquisition by Pima Federal Credit Union

Republic Bank of Arizona Has Been
Acquired by Pima Federal Credit Union

RBAZ Bancorp, Inc. (OTCPK: RBAZ, “RBAZ”), the holding company of Republic Bank of Arizona (“Republic Bank”), announced it completed the sale of substantially all of the assets and liabilities of Republic Bank to Pima Federal Credit Union effective May 2, 2025.

Olsen Palmer served as financial advisor to RBAZ Bancorp, Inc.

RBAZ also announced that its Board of Directors effected a plan of dissolution for the winding up and liquidation of RBAZ. As part of the dissolution process, the Board of Directors authorized a cash distribution of $22.00 per share on a fully-diluted basis. RBAZ may make a second distribution in connection with the completion of the dissolution process.

Republic Bank of Arizona had $284 million in total assets as of March 31, 2025 and three full-service branches in the Phoenix metropolitan area.

Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide - and one of the top 3 bank M&A advisors overall - based on the number of transactions advised upon over the last twelve months according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises First Citizens Bank of Butte in its Agreement to be Acquired by Frontier Credit Union

First Citizens Bank of Butte (“First Citizens Bank”), and Frontier Credit Union (“Frontier") announced that they entered into an agreement whereby Frontier will acquire First Citizens Bank.

Olsen Palmer LLC served as financial advisor to Butte Bank Shares, Inc., parent company of First Citizens Bank.

The proposed acquisition is subject to regulatory approval and shareholder consent. Until the transaction is finalized, both Frontier and First Citizens Bank will continue to operate independently.

When the purchase is complete Frontier Credit Union will have over $773 million in assets and increase its footprint to total 14 branches based on data as of March 31, 2025.

Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide –– and a top 3 overall bank M&A advisor – based on the number of transactions advised upon since 2020 according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Mississippi River Bank in its acquisition by Merchants & Marine Bank

Mississippi River Bank (“MRB”) has been acquired by Merchants & Marine Bancorp, Inc. (“MNMB”, OTCQX: MNMB).

Olsen Palmer LLC served as financial advisor to Mississippi River Bank in conjunction with this transaction.

With completion of the transaction, MRB will continue to operate under its existing branding as a division of MNMB’s wholly-owned bank subsidiary, Merchants & Marine Bank. MRB Chief Executive Officer and its President / Chief Operations Officer will both continue to lead the MRB division in            their existing roles.

Fenimore Kay Harrison served as legal advisor to Mississippi River Bank and Maynard Nexsen served as legal advisor to Merchants & Marine Bancorp, Inc.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide – and one of the top 2 overall bank M&A advisors – based on the number of transactions advised upon in 2023 according   to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer advises Mountain View Bank of Commerce in its Acquisition by Academy Bank

Westminster, Colorado-based Mountain View Bank of Commerce has been acquired by Academy Bank, N.A. and its parent, Dickinson Financial Corporation.

Olsen Palmer LLC served as financial advisor to NBC Bancshares LLC, parent of Mountain View Bank of Commerce in connection with this transaction.

With over $2.8 billion in assets, Academy Bank, N.A. is headquartered in Kansas City, Missouri and serves clients online and in 74 locations across four states—AZ, CO, KS and MO. The deal expands Academy Bank’s already significant presence in the Colorado market with a Westminster branch and a Boulder loan production office.

Olsen Palmer remains one of the top 2 ranked sell-side bank M&A advisors nationwide – and top 3 overall – based on the number of transactions advised upon since 2020, according to S&P Global.

Download Announcement (PDF).